Zürcher Nachrichten - Polluting shipping to face climate reckoning

EUR -
AED 4.256956
AFN 73.025715
ALL 95.949476
AMD 436.297619
ANG 2.074964
AOA 1062.93451
ARS 1612.94327
AUD 1.652435
AWG 2.089356
AZN 1.967595
BAM 1.955789
BBD 2.330587
BDT 141.989225
BGN 1.981335
BHD 0.437098
BIF 3425.18131
BMD 1.159144
BND 1.479892
BOB 7.995956
BRL 6.158991
BSD 1.157194
BTN 108.18041
BWP 15.778914
BYN 3.510781
BYR 22719.216032
BZD 2.327287
CAD 1.590438
CDF 2637.051746
CHF 0.913915
CLF 0.027244
CLP 1075.743011
CNY 7.982325
CNH 8.005156
COP 4253.376791
CRC 540.497051
CUC 1.159144
CUP 30.717307
CVE 110.264398
CZK 24.533102
DJF 206.058876
DKK 7.485174
DOP 68.689625
DZD 153.294405
EGP 59.995673
ERN 17.387155
ETB 182.369105
FJD 2.566866
FKP 0.868886
GBP 0.868988
GEL 3.147122
GGP 0.868886
GHS 12.613931
GIP 0.868886
GMD 85.195634
GNF 10142.944655
GTQ 8.863952
GYD 242.098679
HKD 9.082181
HNL 30.628833
HRK 7.547526
HTG 151.809172
HUF 393.825438
IDR 19654.671984
ILS 3.603923
IMP 0.868886
INR 108.971735
IQD 1515.891728
IRR 1524998.397107
ISK 144.047075
JEP 0.868886
JMD 181.799008
JOD 0.821884
JPY 184.582318
KES 149.909182
KGS 101.364683
KHR 4623.974769
KMF 494.9542
KPW 1043.263627
KRW 1744.871088
KWD 0.355359
KYD 0.964295
KZT 556.326964
LAK 24848.864411
LBP 103633.234522
LKR 360.97803
LRD 211.758845
LSL 19.520593
LTL 3.42265
LVL 0.701154
LYD 7.40796
MAD 10.813041
MDL 20.15189
MGA 4824.973672
MKD 61.639664
MMK 2432.829233
MNT 4136.032637
MOP 9.340449
MRU 46.320747
MUR 53.912042
MVR 17.920267
MWK 2006.589051
MXN 20.785187
MYR 4.565818
MZN 74.068653
NAD 19.520593
NGN 1572.088888
NIO 42.579768
NOK 11.082828
NPR 173.089056
NZD 1.98507
OMR 0.445687
PAB 1.157194
PEN 4.000678
PGK 4.994973
PHP 69.722594
PKR 323.078037
PLN 4.286287
PYG 7557.95876
QAR 4.231477
RON 5.101971
RSD 117.449359
RUB 96.003076
RWF 1683.690813
SAR 4.352186
SBD 9.333031
SCR 15.877613
SDG 696.645486
SEK 10.817726
SGD 1.4866
SHP 0.869658
SLE 28.485998
SLL 24306.675843
SOS 661.296392
SRD 43.453394
STD 23991.933773
STN 24.499866
SVC 10.124945
SYP 128.330276
SZL 19.526893
THB 38.14515
TJS 11.114439
TMT 4.068594
TND 3.417581
TOP 2.790939
TRY 51.295008
TTD 7.850957
TWD 37.135139
TZS 3008.583584
UAH 50.692923
UGX 4373.976133
USD 1.159144
UYU 46.629746
UZS 14107.92302
VES 527.051768
VND 30499.388379
VUV 137.76417
WST 3.161925
XAF 655.953421
XAG 0.017051
XAU 0.000258
XCD 3.132643
XCG 2.085489
XDR 0.815796
XOF 655.953421
XPF 119.331742
YER 276.574852
ZAR 19.764849
ZMK 10433.68695
ZMW 22.593877
ZWL 373.24379
  • RBGPF

    -13.5000

    69

    -19.57%

  • CMSD

    -0.2420

    22.658

    -1.07%

  • BCC

    -1.5600

    68.3

    -2.28%

  • BCE

    0.0600

    25.79

    +0.23%

  • CMSC

    -0.2000

    22.65

    -0.88%

  • NGG

    -3.5400

    81.99

    -4.32%

  • RIO

    -2.5000

    83.15

    -3.01%

  • RYCEF

    -1.2600

    15.34

    -8.21%

  • JRI

    -0.3900

    11.77

    -3.31%

  • GSK

    -0.5300

    51.84

    -1.02%

  • VOD

    -0.0900

    14.33

    -0.63%

  • RELX

    -0.4600

    33.36

    -1.38%

  • AZN

    -5.3300

    183.6

    -2.9%

  • BTI

    -1.3500

    57.37

    -2.35%

  • BP

    -1.0800

    44.78

    -2.41%

Polluting shipping to face climate reckoning
Polluting shipping to face climate reckoning / Photo: CLEMENT MAHOUDEAU - AFP/File

Polluting shipping to face climate reckoning

The hefty carbon footprint of global shipping networks that crisscross our oceans and keep the world's economy afloat will come under scrutiny next week, as countries wrestle over measures to slash planet-heating pollution.

Text size:

Nations are under pressure to agree ambitious emission reduction targets and consider a tax on pollution by the sector at a key meeting of the International Maritime Organization. Currently shipping belches out roughly the same level of greenhouse gases as aviation.

The IMO Marine Environment Protection Commission (MEPC) meeting, held in London from Monday to Friday, is likely to pit climate-vulnerable nations -- particularly Pacific islands -- and some richer countries against big exporters such as China.

"The climate crisis is an existential threat to Pacific small island developing states, and many other countries, but can be seen as less urgent by countries with superior resources," Michael Prehn, the IMO delegate for the Solomon Islands, told AFP.

"This is why the Pacific has been consistently pressing for the highest possible ambition in climate regulation."

- Net-zero -

Shipping, which is responsible for around two percent of global greenhouse gas emissions, is judged to be off course in the fight against climate change.

Efforts to decarbonise so far centre around a 2018 IMO decision that instructed shipping firms to reduce CO2 emissions by 50 percent by 2050, from 2008 levels.

But that target is considered insufficient given the level of global emissions and compared to other industries, including aviation, which is aiming for net zero by the same mid-century deadline.

Nations in support of more ambitious cuts want the IMO to align its goals with the Paris Agreement's global warming limit of 1.5 degrees Celsius above pre-industrial times.

Some 45 countries -- including the European Union, the United States, Britain, Fiji, the Marshall Islands and Norway -- support a net zero target for the sector by 2050.

Most also support an intermediate target for 2030.

But emerging market exporters, particularly Brazil and China, have strongly resisted a change, according to observers at talks that started in late June ahead of the decision-making MEPC meeting.

A briefing note circulated by China, seen by AFP, framed the proposals as "unrealistic" and an effort by developed countries to boost their economic competitiveness by increasing shipping costs.

- A 'no-brainer' -

Ships transport 90 percent of the world's goods, and the sector emits around a billion tonnes of greenhouse gases every year, the equivalent of Germany or Japan.

Nicolas Entrup, director of international relations at marine protection organisation OceanCare, said a goal of absolute zero greenhouse gas emissions from shipping by mid-century, with interim targets, would be "the necessary step forward for humankind".

"It should be a no-brainer to bring the IMO targets in line with those of the Paris Agreement," he said. "We simply can't afford any other less ambitious path."

One immediate way to reduce emissions would be to simply slow boats down so they burn less fuel, he added.

Among the proposals coming from different countries, the EU wants net zero by 2050, with emissions reduced 29 percent by 2030 and 83 percent by 2040.

Countries such as the United States, Canada, and climate vulnerable Marshall Islands and Solomon Islands, want to go even further, with a 96-percent cut by 2040.

Observers say that while some countries are on the fence, the United Arab Emirates -- which will this year host the UN COP28 climate conference -- has swung in support of the goal of net zero by 2050. That has raised hopes of an agreement on the issue.

- Global levy -

But a potential deal on another flagship proposal -- to introduce a global levy on shipping emissions -- is going to be a harder sell.

French President Emmanuel Macron threw his support behind the idea at a recent climate finance summit in Paris, but said it would need backing from China, the United States and other European nations to work.

A source following the preliminary IMO negotiations said support had swelled to 70 countries but that major exporters including Brazil, China and Australia were against it. Brazil has argued it would harm food security and penalise developing countries.

There is also disagreement about where any revenues would be spent. There are debates over whether it should be used solely to decarbonise the sector, or whether some of the money should go to help countries cope with climate impacts.

The sums could be significant.

The Marshall Islands and the Solomon Islands, which have been campaigning for a tax for a decade, are proposing a tariff of $100 per tonne, with money helping vulnerable countries.

According to the World Bank, this could generate over $60 billion a year.

F.E.Ackermann--NZN